Economic Doomsday Predictions Gathering Strength

The Bipartisan Policy Center today added its warning to the gathering cloud of predictions that an economic doomsday – the need to raise the federal debt ceiling again – could collide with the 2012 election.

“When the Budget Control Act of 2011 increased the debt ceiling last August, Congress, the administration and outside analysts believed that this increase would allow federal borrowing under the limit well into 2013,” the center wrote. “Due to unexpected circumstances – that belief appears increasingly likely to have been misguided.”

More